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The South Korean won on Monday suffered its biggest daily loss in nearly three months against the dollar after robust US jobs data bolstered expectations that the Federal Reserve will raise US interest rates as early as September.
The won ended local trade down 1.1 per cent at 1,123.3 to the dollar, its sharpest daily percentage loss since March 9.
The Korea Composite Stock Price Index (KOSPI) edged down 0.1 per cent to 2,065.19 points. It had closed at 2,068.10 on Friday. The KOSPI fell to a low of 2,056.50 early in the session, the lowest level in nearly 2 months.
Cheil Industries Inc and Samsung C&T Corp fell 6.9 per cent and 7.4 per cent, respectively, as some investors took profit from recent gains following the announced takeover bid for Samsung C&T Corp.
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